Today in Parliament, Mark Pritchard MP asked the Chancellor of the Exchequer what steps she is taking to ensure Treasury officials are adequately trained on potential economic statecraft mechanisms which could be deployed against the UK.
In response, the Economic Secretary to the Treasury said the Government "possesses a range of diplomatic, economic, trade and other tools to respond to economic statecraft mechanisms if they are deployed against the UK".
She added that the UK Government continues to invest in training and capability building for officials in His Majesty’s Treasury to ensure economic security preparedness, including via the College for National Security and Integrated Security Fund's Economic Deterrence Initiative.
Mark Pritchard MP said:
"Threats to the UK are increasing. Causing serious economic harm is one way of attacking the UK. From major crypto-crime and undermining UK’s universities to commodity manipulation and disrupting supply chains, the Government needs to be prepared for every eventuality."
